Disney Insider Tipping Suspect Pleads Guilty

Earlier this summer, federal prosecutors filed charges claiming that a Walt Disney Co. secretary and her boyfriend had conspired to try to trade inside information about the media giant in advance of earning reports.

To recap, Yonni Sebbag, whose girlfriend was a former secretary at Disney, allegedly sent letters to 33 investment firms stating he had access to Disney earnings reports before their release and that he was willing to share his information for a fee.

Typically, it takes months of meticulous sleuthing to piece together insider-trading plots, WSJ reported, but in the Disney matter, “the alleged peddlers simply put their offer in writing and sent it out so widely that word of the scheme was bound to reach authorities.”